Mueller Water Products (MWA) Set to Announce Quarterly Earnings on Monday

Mueller Water Products (NYSE:MWA) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The business had revenue of $256.40 million during the quarter, compared to analyst estimates of $250.64 million. Mueller Water Products had a return on equity of 13.86% and a net margin of 6.35%. The firm’s revenue was down 18.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. On average, analysts expect Mueller Water Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mueller Water Products Stock Up 0.3 %

Shares of Mueller Water Products stock opened at $16.23 on Friday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 1.93 and a beta of 1.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.29 and a quick ratio of 1.89. Mueller Water Products has a 52-week low of $12.11 and a 52-week high of $16.93. The stock has a 50-day simple moving average of $15.69 and a 200-day simple moving average of $14.45.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be issued a $0.064 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.26 annualized dividend and a yield of 1.58%. Mueller Water Products’s dividend payout ratio (DPR) is currently 52.00%.

Insider Buying and Selling

In related news, SVP Todd P. Helms sold 37,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $15.15, for a total transaction of $560,550.00. Following the completion of the transaction, the senior vice president now directly owns 41,181 shares of the company’s stock, valued at $623,892.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Todd P. Helms sold 37,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $15.15, for a total value of $560,550.00. Following the completion of the sale, the senior vice president now directly owns 41,181 shares of the company’s stock, valued at $623,892.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Suzanne G. Smith sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $15.09, for a total value of $42,252.00. Following the completion of the sale, the chief accounting officer now directly owns 3,208 shares of the company’s stock, valued at $48,408.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,458 shares of company stock worth $1,052,260. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Oppenheimer raised Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a research report on Thursday, April 18th. StockNews.com cut Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada boosted their price objective on Mueller Water Products from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Monday, February 12th. Finally, The Goldman Sachs Group boosted their price objective on Mueller Water Products from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.50.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.